Amec receives record orders

 
Suzie Neuwirth
ENGINEERING giant Amec yesterday said trading is in line with expectations for 2014, with a record £4.2bn order book giving confidence for further growth.

The FTSE 250-listed firm said that its £1.9bn acquisition of US rival Foster Wheeler, which was announced in January, is on track for completion in the third quarter.

“We believe the combination of Amec and Foster Wheeler is a compelling one, for our shareholders, our customers and our employees,” said chief executive Samir Brikho.

But the company, which gets around half of its revenues from North America, warned that the continent’s currencies remain weak versus sterling. Shares closed 0.3 per cent higher at £12.09.